Until June  Fut coins  job growth in the private sector- at  http://www.fifacoinsltd.com/     far outstripped public sector losses- at 290,000. This pattern, however, has since been reversed as the rate of public sector losses accelerates.

This year has seen considerable turmoil in the world economy and in financial markets, leading to significantly slower UK growth than had been expected a year ago. This may have been amplified by public sector job cuts coming through much more quickly than projected, particularly in the English local authorities. On the other hand, the governments tough fiscal stance has helped to keep the UK cost of borrowing very low and has left room for the Bank of England to announce another 75 billion of additional quantitative easing to help support the economy. 

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